COMSovereign (NASDAQ:COMS) Stock Price Up 29.7%

Shares of COMSovereign Holding Corp. (NASDAQ:COMS) rose 29.7% during mid-day trading on Thursday . The company traded as high as $0.26 and last traded at $0.26. Approximately 716 shares changed hands during trading, a decline of 96% from the average daily volume of 19,737 shares. The stock had previously closed at $0.20.

Analyst Ratings Changes

Separately, ThinkEquity began coverage on COMSovereign in a report on Monday, January 22nd. They issued a “buy” rating and a $3.00 price target on the stock.

COMSovereign Trading Up 29.7 %

The firm has a fifty day moving average price of $0.24 and a 200-day moving average price of $0.67.

Institutional Investors Weigh In On COMSovereign

A hedge fund recently bought a new stake in COMSovereign stock. Virtu Financial LLC bought a new position in COMSovereign Holding Corp. (NASDAQ:COMS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 193,227 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.27% of COMSovereign at the end of the most recent quarter. Institutional investors and hedge funds own 6.93% of the company’s stock.

About COMSovereign

COMSovereign Holding Corp. provides various solutions for network operators, mobile device carriers, governmental units, and other enterprises worldwide. The company offers packet microwave solutions that transmit broadband voice, video, and data, as well as enable service providers, government agencies, enterprises, and other organizations; harmony enhanced MC; fastback intelligent backhaul radio (IBR); and in-band full-duplex technology.